JPMorgan Bets on MCX’s Payments Technology to Open Paths for Chase Pay

Moderator: moderators

kreslik.news
rank: 10000+ posts
rank: 10000+ posts
Posts: 37309
Joined: Thu Jan 14, 2016 9:36 am
Reputation: 2
Gender: None specified

JPMorgan Bets on MCX’s Payments Technology to Open Paths for Chase Pay

Postby kreslik.news » Thu Mar 09, 2017 10:59 pm


Continuing with the strategy of divesting non-core operations, JPMorgan Chase (NYSE:JPM) has agreed to acquire MCX’s payments technology to help expand Chase Pay, its smartphone-based payment system which allows consumers to pay retailers using their devices.

JPMorgan has bragging rights as the first top-tier bank in America to come out with a branded digital wallet. Earlier in 2015, the lender managed to partner with Merchant Customer Exchange (MCX), a consortium of retailers which includes big players such as Wal-Mart, Target, Best Buy and Shell.

This time however, the New York-based financial giant seems much more interested in MCX ‘s technology than the ... (read more)

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

Return to “news”